- Companies
- FineEx
FineEx Funding, Investors & Competitors
FineEx has raised $161M across 3 funding rounds, most recently a $71M Series D in July 2020.
Last FineEx funding round
$71M
Series D · Jul 2020
Cumulative funding FineEx raised
$161M
across 3 funding rounds
Key investors in FineEx
Addor Capital
Dyee Capital
Baidu Capital
Sino-Ocean Group Holding
Russia-China Investment Fund
Aurora Private Equity
Hangzhou Dongfang Jiafu Asset Management Co.
Qianbao.com
About FineEx
FineEx is a Beijing-based third-party logistics provider offering e-commerce warehousing, distribution, and supply chain services across China. It manages a national network of warehouses integrated with proprietary software and intelligent hardware for order fulfillment and inventory control. FineEx serves retail and manufacturing clients with full-channel logistics solutions including last-mile delivery.
Founded
2006
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services, Subscription
FineEx Funding History
FineEx has raised a total of $161M across 3 funding rounds.
FineEx's first fundraising round was a $32M undisclosed-stage round in October 2015. The most recent completed round was a $71M Series D in July 2020.
FineEx funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2020 | Series D | Baidu Capital (lead); Russia-China Investment Fund | $71M | FineEx is a Shanghai-based logistics services provider founded in 2006, offering warehousing, product delivery, and return handling primarily for e-commerce sellers in sectors like cosmetics, personal care, food, shoes, clothes, and small home appliances. Customers include major brands such as Schwarzkopf, Perfect Diary, and Xtep, alongside over 1,500 consumer goods companies and small to medium-sized online merchants. The company operates around 220 warehouses as of mid-2020, with plans to expand to 500 within three years. In July 2020, FineEx closed a Series D funding round of RMB500 million (approximately USD 70.8-71 million), led by Baidu Capital—the growth equity arm of Baidu—and co-invested by the Russia-China Investment Fund, a private equity vehicle formed by Chinese and Russian governments. Investment bank China Renaissance advised on the transaction. This follows prior rounds including a 2013 strategic investment from Transcosmos (20% stake), a 2015 Series B of $31.7m from Transfar and Addor Capital, a 2016 Series B-plus led by Chenhui Venture Partners, and a May 2018 round of about $58m from multiple investors including Qianbao and SinoOcean Capital. Proceeds from the Series D are allocated to expanding FineEx's warehouse network, enhancing distribution mechanisms, and developing smart warehousing technology, as stated by founder and CEO Li Pingyi to 36Kr. The investment positions FineEx for growth in China's vast e-commerce and mobile commerce market. |
| May 2018 | Series C | Sino-Ocean Group Holding (lead); Aurora Private Equity; Dyee Capital; Qianbao.com; Hangzhou Dongfang Jiafu Asset Management Co. | $58M | - |
| Oct 2015 | Undisclosed stage | Addor Capital (lead) | $32M | - |
Who has invested in FineEx?
8 investors have backed FineEx across its funding rounds, including Addor Capital, Dyee Capital, Baidu Capital, Sino-Ocean Group Holding, Russia-China Investment Fund and Aurora Private Equity.
Lead investors include Baidu Capital, Sino-Ocean Group Holding and Addor Capital.
FineEx Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Oct 2015 | ||
| 1 | Lead | May 2018 | ||
| 1 | Participant | Jul 2020 | ||
| 1 | Lead | Jul 2020 | ||
| 1 | Participant | May 2018 | ||
| 1 | Participant | May 2018 | ||
This data is available for Pro users. Sign up to see all 8 FineEx investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialFineEx Competitors
FineEx competitors include listed companies like Delhivery and Kuehne + Nagel, and private ones like Flexport, Uber Freight, Forto and Loggi.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $471M | - | $8B | - | ||
| Publicly listed | $1.1B | $80M | $3.4B | 2.7x | ||
| Private | $211M | - | $3.3B | 15.6x | ||
| Private | - | - | $2.1B | - | ||
| Private | - | - | $1.8B | - | ||
| Publicly listed | $30B | $2.6B | $31B | 1.2x |
FineEx Public Comps
FineEx is still privately-owned, but its public comps include UPS, Canadian National Railway, FedEx, Deutsche Post, Maersk, DSV, Adani Ports & Special, Poste Italiane, Roper Technologies and Old Dominion Freight Line.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $89B | $12B | 1.2x | 1.2x | 9.2x | 8.8x | |||
| $12B | $6.5B | 7.2x | 6.8x | 13.6x | 13.9x | |||
| $95B | $11B | 1.1x | 1.1x | 9.5x | 9.9x | |||
| $95B | $13B | 1.0x | 1.0x | 7.8x | 7.4x | |||
| $54B | $10B | 1.1x | 1.0x | 5.9x | 5.4x | |||
| $38B | $3.6B | 1.6x | 1.3x | 16.4x | 11.5x | |||
| $4B | $2.4B | 11.8x | 11.0x | 20.2x | 18.7x | |||
| $27B | $4.8B | 3.9x | 6.7x | 22.1x | - | |||
This data is available for Pro users. Sign up to see all FineEx competitors and their valuation data. Start Free Trial | ||||||||
Common questions about FineEx
| When was FineEx founded? | FineEx was founded in 2006. |
| Where is FineEx headquartered? | FineEx is headquartered in Shanghai, China. |
| Is FineEx publicly listed? | No, FineEx is a private, VC-backed company. |
| How much funding has FineEx raised? | FineEx has raised $161M across 3 funding rounds. |
| What was FineEx's last funding round? | FineEx's last funding round was a $71M Series D in July 2020, led by Baidu Capital. |
| Who are FineEx's investors? | FineEx's investors include Addor Capital, Sino-Ocean Group Holding, Russia-China Investment Fund, Baidu Capital, Aurora Private Equity, Dyee Capital, Qianbao.com and Hangzhou Dongfang Jiafu Asset Management Co.. |
| Which companies are comparable to FineEx? | Companies comparable to FineEx include Flexport, Delhivery, Uber Freight, Forto, Loggi and Kuehne + Nagel. |
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